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Aint No One Here But Us Chickens

I know an insurance industry analyst whose father is a chicken farmer. He says his father has always complained it was his fate to husband the stupidest creatures that God had placed on the planet–chickens. “I often think that its my fate to analyze the stupidest companies that God ever created,” the analyst adds, wryly.

Of course, he is referring to the fact that the insurance industry just doesnt know how to deal with prosperity. A short run of profits historically has led to soft markets and cutthroat competition.

Has the industry finally learned its lesson? Or a decade from now (perhaps sooner), will a new generation of CEOs, underwriting managers and underwriters (just itching to whip out their pens) forget the lessons of the booming 1990s?

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